Legendary Wall Street trader and best-selling author Jim Rogers recently offered this unconventional advice: If you want to get rich, you should be investing in farmland.
Don't laugh. Rogers is good at what he does. Really good.
Together with George Soros, he founded the Quantum Fund in the 1970s and posted returns of 4,200% over 10 years. Rogers retired in 1980 at the age of 37, but is still active as a private investor.
Back in 1999, Jim Rogers recommended gold when it was trading at $252 and silver at $4. You know what happened after that.
Now Rogers thinks investing in farmland will pay off in a big way.
"It's the farmers, the producers, who are going to be in the captain's seat when the prices go through the roof," he told The Australian Financial Review.